FBI Officials Reveal Criminals Prefer Cash over Bitcoin

Just recently, the FBI revealed that more than 130 crypto-related cases are being investigated by the agency.

Earlier this month, the U.S. Federal Bureau of Investigation Chief of Financial Crimes Steve D’Antuono revealed that criminals still favor cash over cryptocurrency when it comes to fraudulent transactions.

D’Antuono explained that despite the uptake of criminal activities related to cryptocurrency, in terms of percentage, they are relatively lower.

Nevertheless, the severity of these cases has caught the attention of the authorities.

The two main areas of this crime are the dark web and Initial Coin Offerings (ICOs), according to D’Antuono, while the intervention of the government official in this lies in the fact that the problem is quite severe, despite not being a quantitative one.

This year was filled with such cases, including the recent scandal with the Chinese hotel chain Huazhu, in which the data of 130 million people was being sold on the dark web, for the price of 8 Bitcoin.

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